Author Archives: SOLANA NEWS REPORT

Background and Timeline In September, the Lido P2P validator responsible for the Solana blockchain sought financial support from the Lido DAO. Faced with the lack of funding, the validator highlighted the challenges the project would face in achieving its goals. Despite this decision, Lido continues to provide staking services for Polygon (MATIC) and Ethereum (ETH).[Read more…]

Introduction OKX, a leading cryptocurrency exchange, is excited to announce the introduction of Solana (SOL) staking on its advanced OKX Wallet. This significant step expands the wallet’s functionality, allowing users to participate in the Solana network’s security mechanism while earning rewards. OKX Wallet, recognized as the world’s most versatile and secure crypto wallet, offers access[Read more…]

Exploring Web3 Opportunities in Dubai The Solana Foundation has established a significant partnership with the Dubai Multi Commodities Centre (DMCC), the largest free trade zone in the UAE. This collaboration aims to explore various opportunities in the realm of web3 technology within Dubai. Empowering Dubai’s Crypto Community Through this partnership, Solana (SOL) will offer both[Read more…]

Market Overview The cryptocurrency market has experienced a bullish start to the week, with a rise of over 2.5% in value. After a bearish week, cryptocurrencies have stabilized, indicating a possibility of a bullish trend for Bitcoin and altcoins by the end of the month. Solana’s Recent Performance Solana ended the previous month on a[Read more…]

FTX Liquidators’ Strategic Staking On-chain data reveals a significant move by FTX liquidators who staked a substantial portion of their Ethereum (ETH) and Solana (SOL) holdings over the weekend. Ethereum Staking Details According to Etherscan data, the bankrupt crypto exchange staked approximately $30 million worth of ETH, equivalent to more than 24,000 ETH, on October[Read more…]

DMCC Partners with Solana Foundation in Dubai DMCC, a prominent free zone and Dubai’s authority on commodities trade and enterprise, has partnered with the Solana Foundation, dedicated to fostering decentralization, adoption, and security within the Solana network. This collaboration aims to enhance the capabilities of DMCC members, empowering them to leverage Solana’s advanced blockchain platform[Read more…]

A Calculated Power Play FTX Estate has made a significant move in the world of cryptocurrency by staking a staggering 5.5 million SOL, worth $122 million. This strategic decision not only aims for potential future financial gains but also actively participates in maintaining and securing Solana’s expansive network. FTX’s decision to lock away such a[Read more…]

FTX Estates Boosts Investor Confidence The FTX Estate, amidst its bankruptcy crisis, strategically allocated 5.5 million SOL tokens worth $122 million with a prominent network validator, Figment. This strategic move not only pacified worried SOL investors but also had a positive impact on SOL’s price, which is currently trading at $21.96. FTX’s Strategic Staking of[Read more…]

Price Expectations for Solana (SOL) A prominent cryptocurrency analyst closely monitored in the markets has suggested that investors might be underestimating the potential of Solana, a leading smart contract platform, in the upcoming bull market. In a recent strategy session, the InvestAnswers host argued that the fundamental thesis for SOL is based on Ethereum’s market[Read more…]

Cryptocurrency Analysis: Solana’s Recent Trends According to analysts at Coinidol.com, the price of Solana (SOL) recently hit a low of $20.96, indicating the end of its decline. Solana Long-Term Price Forecast: Bearish Outlook The cryptocurrency fell below the 21-day simple moving average but remained above the 50-day simple moving average. On October 13, buyers managed[Read more…]